Life In Wake Forest NC.....

Each week I provide a FREE Report for Wake Forest NC Foreclosures, Short Sales and REOs homes for sale.  This report includes Wake Forest and some of the surrounding area such as Rolesville and North Raleigh.  Here are some of the details you can find on my report:

• Subdivision
• Square Footage
• Bedrooms/Baths
• Garage
• Year Built
• List Price

 

 

 

 

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Welcome to Wake Forest NC!

Live, Love, Work and Play...

And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

Leesa Finley the "Wake Forest NC House Chick"

Circa Properties

919-649-6128

To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com

    

 

 

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.

There was incredibly activity in the Wake Forest NC Real Estate Market last week!  It seems the Spring Market is most definitely knocking on our door.  No pun intended - okay, well maybe a little pun!  ;)

There were 22 shiny new listings added to the Homes for Sale inventory last week and NONE of them were short sales!  The price range for new listings ranges from $84,000 - $684,900 with a variety that includes townhomes, starter homes and luxury homes.  The breakdown of the new listings last week is:

• Fair Market Resales - 18
• REOs - 2
• New Construction - 2

Seven homes closed last week in Wake Forest NC.  The Sales Prices range from $185,000 - $650,000 with a List Price to Sales Price ratio of .979% - FANTASTIC!  Again, there were no short sales activity for homes sold in Wake Forest NC last week and here is the breakdown:

• Fair Market Resales - 4
• REOs - 2
• New Construction - 1

Seven home sellers in Wake Forest NC received contracts on their homes last week and it really is no surprise that 6 out of 7 hit the mark for the most popular price point in Wake Forest NC.  Do you know what that sweet spot is?  You can check out ALL the price points in Wake Forest NC here - Wake Forest NC Real Estate Price Points - January 2012  Here is the breakdown for Pending Listings last week:

• Fair Market Resales - 4
• New Construction - 3

Quite a few listings, 12 to be exact, had their status changed to Contingent last week.  A Contingent Status reflects "conditions to be met" such as "contingent on inspections", "contingent on bank approval if a short sale" or even "contingent on buyers loan approval".  There are a multitude of reasons that a property could be Contingent and one thing to keep in mind is if you see a home that you are interested in and it is "Contingent" you should have your agent verify the reason for the contingency.  You never know, a back up offer could be made and you could end up getting the home!

The Spring Real Estate Market is going to be stellar this year - don't miss out on this fantastic opportunity to sell your home in Wake Forest NC!  If you are looking for some tips to get your home ready for the Real Estate Market check out Putting Your House on the Market This Spring?  Get Ready NOW!

As I always say, if you would like specific information about YOUR neighborhood just give me a call or send me an email - I'd be happy to help!

 

 

 

 

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Welcome to Wake Forest NC!

Live, Love, Work and Play...

And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

Leesa Finley the "Wake Forest NC House Chick"

Circa Properties

919-649-6128

To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com

    

 

 

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.

Both buyers and sellers of Real Estate have closing costs associated with the transfer of real estate.  Each pays something different and as a top Wake Forest NC Real Estate Agent it is my job to be sure that PRIOR to closing I provide either of them (depends on who I represent) their estimated closing costs.

In the case of a home seller that comes in the form of Seller Net Proceeds.  While I can not give exact figures for what closing costs are my years of experience do allow me to be very accurate is estimates.  One of the first and most asked questions I receive when listing a home is, "How much will it cost to sell my home?"  So, if you are thinking of selling your home in Wake Forest NC here are the costs that will be associated with the sale.

• Document Preparation:  Cost will vary from attorney to attorney but an good estimate is $200.00.  This is the charge for the attorney to prepare YOUR deed for transfer to buyer. 
  
• Transfer Tax:  This is a tax that is charged for selling your home.  In North Carolina the charge is $1.00 for every $500.00 pf the sales price. (.2%)  Example: A home sells for $300,000.00 so the transfer tax charged to the seller would be $600.00
• Commission:  This is the charge from the real estate company to sell your home.  Each company charges a different fee and it would have been predetermined when you signed the Listing Agreement.   This could be a percentage of the sales price or even a flat fee - it depends on what you agreed upon with your Realtor®
• Real Estate Taxes:  These are not to be confused with the Transfer Tax above.  These are your annual Property Taxes.  They must be prorated which means that you as the seller will pay for your portion up to the day of closing.  
• Homeowners Association Dues:  This may not apply to you but if your home is located within a subdivision that has a Homeowners Association then you will be required to pay your Homeowners Association Dues up to the time of closing.
  
• Current Loan Payoff:  This is the amount of the current mortgage on your home if you have one.  The attorney that is handling the closing will request a payoff from your mortgage company prior to closing and then will pay your current mortgage with the proceeds from the sale of your home. 

The above are standard charges to a seller when they sell their home.  Keep in mind that there may be additional charges depending on the Contract that you have agreed upon with the Buyer.  For instance, did you agree to pay a portion of the Buyer's Closing Costs?  Did you agree to pay for a Home Warranty for the Buyer?  Those charges would then be added to the above mentioned charges and would be reflected on the Settlement Statement.

If you have any questions regarding any of the charges that I mentioned above OR if you would like to get an idea of what your profit would be from selling your home in Wake Forest NC just give me a call at 919-649-6128 or simply send me an email!  I would be happy to prepare a preliminary Seller Net Proceeds for you!

* It is VERY important to note that the above is only specific to NORTH CAROLINA!  Each state handles closings differently and each state may have different fee structures.  If you are in another state reading this and would like more information regarding YOUR net proceeds in YOUR state give me a call - I have a WIDE network of professionals in every state that can help!

 

 

 

 

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Welcome to Wake Forest NC!

Live, Love, Work and Play...

And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

Leesa Finley the "Wake Forest NC House Chick"

Circa Properties

919-649-6128

To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com

    

 

 

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.

The Wake Forest Historical Museum will be presenting the documentary film "Moving Midway" tomorrow, February 26 at 3:00pm.  This film documents the moving of the 1848 home, called Midway Plantation, and it's outbuildings 3 miles to save it from encroaching comercial developlment and to preserve it's rich history. 

The viewing of this documentary is FREE to all members and residents of Wake Forest NC.  Refreshments will be served and if you need more information you can contact Carol Pelosi.

Sunday, February 26th

3:00 pm

Wake Forest Historical Museum

450 N. Main Street

Wake Forest NC

>>>Here is an article from 2005<<<

 

 

 

 

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Welcome to Wake Forest NC!

Live, Love, Work and Play...

And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

Leesa Finley the "Wake Forest NC House Chick"

Circa Properties

919-649-6128

To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com

    

 

 

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.

The Town of Wake Forest NC has created an app for your iPhone, Android, iPad and HTML users.  Talk about staying cutting edge of technology!  Here are just a few of the cools things that you can expect from this new app:

• Locate town parks via Google Maps
• Pay your Wake Forest power bill
• Access Town news
• Access the town's FaceBook page
• Receive breaking news
• Links to job listings
• Access contact info for every town department
• AND.....Contact the town for maintenance problems with street lights, pot holes, street maintenance, graffiti, etc by using the app to send a photo of the issue and location

Cool, right?  I knew you'd think so!  You can search for "Town of Wake Forest" in the Android Market or in the Store for iPhone users.  You can also scan the appropriate QR code below to download the app.

 

 

 

 

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Welcome to Wake Forest NC!

Live, Love, Work and Play...

And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

Leesa Finley the "Wake Forest NC House Chick"

Circa Properties

919-649-6128

To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com

    

 

 

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.

For those who may be considering bankruptcy or have filed bankruptcy must wonder what life will be like after bankruptcy.  Bankruptcy attorney Dennis Sargent shares answers to some of the common questions. Some loans only require two years out of a bankruptcy in order to qualify.

Contact us for more information.

My great friend, Thom Abbott, has a great read for prospective tenants.  While his post specifially mentions Atlanta GA I can say that the tips and advice are the same for the Wake Forest NC area.

If you are currrently seeking a rental in Wake Forest NC be prepared to act fast.  Rentals are moving quickly and more often then not landlords are able to be picky and choose who they feel is the best tenant. 

Thom's last piece of advice is CRUCIAL!  Don't Do It Alone!  It truely is not a wise decision to give out such personal information to a stranger.  If you are looking for Homes for Rent in Wake Forest NC please feel free to give me a call or send me an email.  I can help you through the process and help you find some great rental properties!

 

 

 

 

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Welcome to Wake Forest NC!

Live, Love, Work and Play...

And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

Leesa Finley the "Wake Forest NC House Chick"

Circa Properties

919-649-6128

To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com

    

 

 

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.

Dear FSBO - Lesson #1:  Be prepared to answer questions about your home. 

I actually wrote this post quite a few years ago but the same thing happened yesterday.  I had a buyer in my car and we passed a FSBO.  My buyer wanted the information about the home so we stopped and called.  Even though what happened below was 2 years ago - the SAME thing happened yesterday.  Frustrating for me, frustrating for the buyer and really, how does a FSBO plan on selling their home this way?  Needless to say, we never DID get the information on the home yesterday.  We thought maybe the FSBO didn't want to cooperate with a Broker and that's why we weren't able to get the information so my buyer called.  Yep, same thing happened.

"So, today I had a listing appointment right down the street from where I have a current listing.  I was prepared with my notes, paperwork and CMA (Comparative Market Analysis).  When I get to the neighborhood today I notice that there is a brand new FSBO sign at one of the homes.  Hhmmm...

I called the number on the sign....

Me:  Yes, I am calling about the home that you have for sale.  Can you give me a little information?

Them:  Actually, no, you'll need to call another number.  It's my mother and her number is 555-xxxx

Me:  Thanks

Me:  Yes, I am calling about the home that you have for sale.  Can you give me a little information?

Them:  Oh, ha, ha - I accidentally gave you my cell phone number instead of my mother's cell phone.  Her number is 555-xxxx

Me:  Hi, I'm calling about the home that you have for sale - can you please give me some information on it?

Them:  I'm sorry, you'll need to speak with my husband and he isn't here.  You can reach him on his cell at 555-xxxx

Me:  Can you not give me any particulars about the house or at least what you are asking for it?

Them:  I think we want $164,000 for it.....

Me:  Thanks for your time.......

What if I were an actual person sitting in front of the home and was truly interested in the home?  It would have taken, at minimum, 4 phone calls to get information about the home.  If I were a real buyer I most likely would not have made that 4th call - actually, I probably wouldn't have even made the 2nd or 3rd call. 

So, if you ARE going to try and sell your home yourself you have got to have the information about your home ready at a moments notice.  You need to provide a correct and direct phone number on the yard sign so potential buyers are able to get information quickly.

If you have tried FSBO and are tired of the headaches please feel free to give me a call or simply send me an email - this is MY JOB!  I can relieve you of all the guess work and stress!"

 

 

 

 

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Welcome to Wake Forest NC!

Live, Love, Work and Play...

And the Surrounding Towns and Cities of Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

Leesa Finley the "Wake Forest NC House Chick"

Circa Properties

919-649-6128

To Search for Homes for Sale in Wake Forest NC please visit
www.LeesaFinley.com

    

 

 

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.